Crump, Richard K.; Eusepi, Stefano; Giannoni, Marc Paolo; … - 2019
This paper bridges the gap between two popular approaches to estimating the natural rate of unemployment, u*. The first … approach uses detailed labor market indicators, such as labor market flows, cross-sectional data on unemployment and vacancies … estimate the natural rate of unemployment in the United States using both data on labor market flows and a forward …